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ACA Reporting Compliance: Inspector General's Report May Foreshadow a More Intolerant IRS
Lockton
July 16, 2020 "The Treasury Inspector General for Tax Administration (TIGTA) recently reported that, due to the IRS's leniency related to ACA employer mandate compliance and reporting, penalty collections under the ACA for violations of the mandate have been a fraction of what was expected at the time of the ACA passage.... Unfortunately for employers, rather than ascribing that deficit to poor prognostication skills on the part of the CBO, TIGTA ascribed that disparity to deficiencies -- too soft gloved an approach -- in the IRS assessment and collection process." |
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